IoT in Energy Sector-Market Analysis by Goldstein research

New York,USA, 2018-Nov-21 — /EPR Network/ —

The growing deployment of IoT technology in energy sector for efficient and sustainable production is significantly driving the growth of global IoT in energy market. Government initiative to conserve energy resources also fueled the demand for IOT in energy sector. It is estimated that by 2020 more than 5.4 million IoT sensors, devices & systems will be implemented on oil extraction sites to track and measure environmental performance and efficient productivity. Further, the concept of smart cities is boosting the growth of IoT in the energy sector by ensuring the efficient use of electricity, to self-heal the faults, to conserve energy and for the safety of consumers.

Global IoT Energy Market outlook also includes new business models, product developments and capital investment as the key strategies adopted by the major players for the significant expansion of business in developed and as well as in developing countries across the globe.

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Market Segmentation

On the basis of our in-depth analysis, global IoT in Energy Sector market can be segmented as follows:

By Components

  • Software
  • Hardware

By Applications

  • Predictive Maintenance
  • Security
  • Connected Logistic
  • Compliance and Risk Management
  • Energy Analytics
  • Intelligent Energy Management
  • Mobile Workforce Management
  • Field Surveillance and Monitoring

By End Users

  • Oil & Gas Sector
  • Mining Sector
  • Power Sector

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion) }
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion) }
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion) }

Due to environmental concerns and government inclination towards renewable energy sources, smart solar market is surpassing the other power sources but interconnection of these power sources is a challenge for energy sector. Rapid urbanization bolstered the power requirement and to provide sustainable and efficient power supply, IoT technology is playing an important role. rapid development of IoT technology in the energy sector is bolstering the smart grid market  which is anticipated to reach a value from USD 32.4 Billion in 2015 to USD 86.6 billion by the end of 2024, at a CAGR of 13.15% over the forecast period i.e. 2016-2024.

 

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“IoT in Energy Market Analysis” contains the detailed overview of the global IoT in Energy Sector market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by components, by applications and by end users.

Further, for the in-depth analysis, Global IoT in Energy Sector Market Analysis encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market analysis report also includes competitive outlook of some of the major players profiling of companies such as Intel Corporation, Alcatel-Lucent, SAP Se, General Electric, Cisco Systems Inc., Microsoft etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global IoT in Energy Sector market share along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Key questions answered in this Global IoT in Energy Sector Report

  • What is the global IoT in Energy Sector market Size by 2024 and what would be the expected growth rate of the industry?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What is the IoT in Energy Sector market trends?
  • What are the factors which are driving this industry?
  • What are the major barriers to IoT in Energy Sector industry growth?
  • Who are the key vendors in this industry space?
  • What are the industry opportunities for the existing and entry-level players?
  • What are the recent developments and business strategy of the key players?

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